PQTAX vs. RWSIX

Last updated Apr 1, 2026

Compare and contrast key facts about PIMCO TRENDS Managed Futures Strategy Fund Class A (PQTAX) and Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX).

PQTAX is managed by PIMCO. It was launched on Dec 31, 2013. RWSIX is managed by Redwood. It was launched on Nov 1, 2017.

Performance

PQTAX vs. RWSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO TRENDS Managed Futures Strategy Fund Class A (PQTAX) and Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX). The values are adjusted to include any dividend payments, if applicable.

PQTAX vs. RWSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PQTAX PIMCO TRENDS Managed Futures Strategy Fund Class A	4.61%	2.06%	-3.31%	-4.52%	11.06%	14.52%	8.48%	2.63%	1.98%	1.37%
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund	-1.83%	-2.43%	-0.64%	8.92%	-6.10%	18.37%	22.40%	11.18%	-3.55%	-6.27%

Returns By Period

In the year-to-date period, PQTAX achieves a 4.61% return, which is significantly higher than RWSIX's -1.83% return.

PQTAX

• 1D: 0.28%
• 1M: -2.24%
• YTD: 4.61%
• 6M: 10.21%
• 1Y: 11.79%
• 3Y*: 1.77%
• 5Y*: 3.99%
• 10Y*: 3.64%

RWSIX

• 1D: 0.00%
• 1M: -8.37%
• YTD: -1.83%
• 6M: -1.31%
• 1Y: -1.07%
• 3Y*: -0.39%
• 5Y*: 1.20%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PQTAX vs. RWSIX - Expense Ratio Comparison

PQTAX has a 1.81% expense ratio, which is higher than RWSIX's 1.30% expense ratio.

PQTAX

PIMCO TRENDS Managed Futures Strategy Fund Class A

RWSIX

Redwood Systematic Macro Trend ("SMarT") Fund

Return for Risk

PQTAX vs. RWSIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PQTAX

PQTAX Risk / Return Rank: 63
PQTAX Sharpe Ratio Rank: 76
PQTAX Sortino Ratio Rank: 75
PQTAX Omega Ratio Rank: 64
PQTAX Calmar Ratio Rank: 66
PQTAX Martin Ratio Rank: 34

RWSIX

RWSIX Risk / Return Rank: 4
RWSIX Sharpe Ratio Rank: 4
RWSIX Sortino Ratio Rank: 4
RWSIX Omega Ratio Rank: 4
RWSIX Calmar Ratio Rank: 4
RWSIX Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PQTAX vs. RWSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO TRENDS Managed Futures Strategy Fund Class A (PQTAX) and Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PQTAX	RWSIX	Difference
Sharpe ratio Return per unit of total volatility	1.35	-0.08	+1.44
Sortino ratio Return per unit of downside risk	1.85	-0.03	+1.88
Omega ratio Gain probability vs. loss probability	1.24	1.00	+0.25
Calmar ratio Return relative to maximum drawdown	1.51	-0.22	+1.73
Martin ratio Return relative to average drawdown	3.62	-0.48	+4.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PQTAX vs. RWSIX - Sharpe Ratio Comparison

The current PQTAX Sharpe Ratio is 1.35, which is higher than the RWSIX Sharpe Ratio of -0.08. The chart below compares the historical Sharpe Ratios of PQTAX and RWSIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PQTAX	RWSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	-0.08	+1.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.10	+0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.35	+0.10

Correlation

The correlation between PQTAX and RWSIX is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PQTAX vs. RWSIX - Dividend Comparison

PQTAX has not paid dividends to shareholders, while RWSIX's dividend yield for the trailing twelve months is around 4.59%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PQTAX PIMCO TRENDS Managed Futures Strategy Fund Class A	0.00%	0.00%	0.00%	0.00%	14.61%	2.22%	4.46%	2.29%	0.10%	2.54%	0.00%	7.65%
RWSIX Redwood Systematic Macro Trend ("SMarT") Fund	4.59%	4.51%	0.00%	10.35%	3.41%	7.81%	7.78%	3.05%	2.51%	0.63%	0.00%	0.00%

Drawdowns

PQTAX vs. RWSIX - Drawdown Comparison

The maximum PQTAX drawdown since its inception was -28.39%, which is greater than RWSIX's maximum drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for PQTAX and RWSIX.

Drawdown Indicators

	PQTAX	RWSIX	Difference
Max Drawdown Largest peak-to-trough decline	-28.39%	-24.90%	-3.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.04%	-9.68%	+1.64%
Max Drawdown (5Y) Largest decline over 5 years	-28.39%	-24.90%	-3.49%
Max Drawdown (10Y) Largest decline over 10 years	-28.39%	—	—
Current Drawdown Current decline from peak	-13.57%	-18.29%	+4.72%
Average Drawdown Average peak-to-trough decline	-9.31%	-6.72%	-2.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	4.44%	-1.09%

Volatility

PQTAX vs. RWSIX - Volatility Comparison

The current volatility for PIMCO TRENDS Managed Futures Strategy Fund Class A (PQTAX) is 3.55%, while Redwood Systematic Macro Trend ("SMarT") Fund (RWSIX) has a volatility of 4.46%. This indicates that PQTAX experiences smaller price fluctuations and is considered to be less risky than RWSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PQTAX	RWSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	4.46%	-0.91%
Volatility (6M) Calculated over the trailing 6-month period	6.73%	7.43%	-0.70%
Volatility (1Y) Calculated over the trailing 1-year period	8.80%	11.44%	-2.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.90%	12.09%	-2.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.42%	12.26%	-2.84%